APG and GIC have committed $400m each to the vehicle, but the Singapore-based firm has thoughts on expanding its investor base.
The vehicle is the second private real estate offering that the Canadian real estate company has launched in less than a year.
The Toronto-based asset manager held a first close on its fourth real estate fund.
The Boston-based residential real estate investment firm has closed multifamily credit funds totalling more than $3.3bn this year.
The real assets business of the $9trn manager is targeting junior lending opportunities in Western European markets.
The New York-based firm nearly tripled its real estate AUM in one year after securing commitments to Europe and Americas funds.
Including its $897m C-REIT, the logistics powerhouse has introduced six onshore logistics real estate vehicles in China since 2017.
GLP Capital Partners closes its debut US logistics fund on $2.3 billion; Blackstone and Hudson Pacific announce a pair of movie studio development projects; Carlyle zooms past the target for its ninth US real estate opportunity fund; and more in today's briefing, exclusively for our valued subscribers.
The Washington, DC firm expects to hold an $8bn final close this fall for Carlyle Realty Partners IX, which would be 45% larger than its predecessor.
Pursuing a value-add strategy, the Hong Kong-based firm has exited 25 investments and generated a median IRR of over 40% since 2004.